Italian shipbuilder Fincantieri has signed a share purchase agreement with STX Europe to acquire their 66.66% stake of STX France for €79.5m ($88.6m).
Fincantieri is now negotiating with the French State, the other shareholder of the yard, for the finalisation of the shareholders’ agreement in accordance with the heads of terms signed in April.
In January, Fincantieri was designated the preferred bidder by a court in South Korea handling the restructuring of STX Offshore & Shipbuilding.
